Restaurant and Bar with
New
For Sale
$1,200,000
204 W Midland Avenue, Woodland Park, CO 80863
The sale includes the operating restaurant, underlying real estate, liquor license, and newer equipment.
Property Size2,550 SF
Price / SF$470.59
Days on Market2
Property Features for 204 W Midland Avenue
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$7,368
Amenities
0.2
City/Town Road,Highway,Paved
Building Details
Year Built
1938
Listing Agency:
REMAX PROPERTIES
(719) 337-1448
Listed By:
Mark Jones · License #FA40025962
(678) 677-6034
Source:
Markjoneshomes
Added: Oct 29
Last Checked: Oct 29 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX PROPERTIES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,550-square-foot restaurant property combines dining space with two bar areas and a patio for outdoor seating. The sale includes the business and real estate, along with a liquor license and newer restaurant equipment. The building dates to 1938, and the business operates under the Ute Lodge name.
Located at 204 W Midland Avenue in Woodland Park, the property is served by a paved road identified as a city or town road and highway. The business served nearly 10,000 guests last year.
Located at 204 W Midland Avenue in Woodland Park, the property is served by a paved road identified as a city or town road and highway. The business served nearly 10,000 guests last year.
Key Highlights
- 2,550‑square‑foot restaurant with two bar areas and patio seating
- Sale includes the restaurant business and underlying real estate
- Liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,556
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,120
$771.1K
Cap Rate 7%
$550,800
$550.8K
Cap Rate 9%
$428,400
$428.4K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$53.6K $21.00/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$51.4K $20.16/SF
− OpEx
−$12.9K −$5.04/SF
NOI
$38.6K $15.12/SF
Area
Teller County, CO
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,120
Cap Rate 7%
$550,800
Cap Rate 9%
$428,400
Alternative Uses
Best Use
Specialty Retail
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.8K
$570.3K – $760.4K
NOI $45,623 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 37%
Groceries 13%
Home Improvements & Furnishings 8%
City Market
Groceries
20,191 visits/mo
0.2 miles
Loaf 'N Jug
Shops & Services
17,656 visits/mo
0.4 miles
Wendy's
Dining
16,006 visits/mo
0.2 miles
Valero Energy
Shops & Services
11,561 visits/mo
0.1 miles
SONIC Drive In
Dining
10,692 visits/mo
0.5 miles
Demographics for 80863, CO
12,738
Population
5,734
Households
2.2
Avg Household Size
49
Median Age
42%
College-Educated
97%
High-School Grad
173.4 sq mi
ZIP Area
73
Density / Sq Mi
$100,011
Median Household Income
$49,333
Median Earnings
$1,960
Median Rent
$503,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes the operating restaurant, underlying real estate, liquor license, and newer equipment.
Where is this conventional restaurant located?
The property is located at 204 W Midland Avenue Woodland Park, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,550‑square‑foot restaurant with two bar areas and patio seating; Sale includes the restaurant business and underlying real estate; Liquor license included
